APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Agile

    AI Healthcare

    Artificial Intelligence

    Aviation

    Bi and Analytics

    Big Data

    Cloud

    Cyber Security

    Digital Infrastructure

    Digital Marketing

    Digital Transformation

    Digital Twin

    Drone

    Internet of Things

    Low Code No Code

    Networking

    Remote Work

    Smart City

    Startup

    Unified Communication

    Wireless

  • E-Commerce

    Education

    FinTech

    Healthcare

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Dell

    IBM

    Microsoft

    Salesforce

    SAP

  • Cognitive

    Compliance

    Contact Center

    Corporate Finance

    Data Center

    Data Integration

    Digital Asset Management

    Full Stack Development

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Proptech

    RegTech

Menu
    • RegTech
    • Compliance
    • IBM
    • Big Data
    • Unified Communication
    • Digital Infrastructure
    • Data Center
    • Salesforce
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • RegTech
    Editor's Pick (1 - 4 of 8)
    left
    Customer by Design - The Centre of Everything!

    Andrew Crabb, CIO, TR Group

    The Enigma in Cloud Transformations

    Rohan Manuel, CIO, Hendry

    Achieving IT Budget Efficiency

    Giorgio Migliarina, Chief Technology Information Officer, Telekom Malaysia

    Regtech Should Become A Mandate After Covid-19

    Gabriel Chan, Head Of Global It, Gaw Capital

    The Process And Culture Requirements For Exceptional Regulatory Technology

    Greg Bellotti, Vice President It And Cio, Elementis Global

    Unleashing the power of Qubit & AI

    Utpal Chakraborty, Head of Artificial Intelligence, YES Bank, AI Researcher

    Technologies to combat Pandemic

    Utpal Chakraborty, Head of Artificial Intelligence, YES Bank, AI Researcher

    The Future of Compliance Regulatory Adherence

    Deborah Young, CEO, The RegTech Association

    right

    Ascending As-a-Service Economy

    Reynaldo C. Lugtu, Chairman, ICT Committee, and Financial Executives Institute of the Philippines (FINEX)

    Tweet
    content-image

    Reynaldo C. Lugtu, Chairman, ICT Committee,

    Juan, owner of a start-up organic farming company in Philippines, recently closed a number of contracts to supply a chain of supermarkets and hotels in the country’s metros. As business grows, he would need to improve on systems such as planting and harvesting schedules, inventory management, logistics and payments. To save on sizeable capital outlays, he subscribes to a monthly-fee cloud service for scheduling, accounting, delivery, and receivables.  As business grows further, he hires more workers and subscribes to a monthly-fee payroll service instead of expanding staff support. To extend his reach to a bigger consumer and business customer base, he subscribes to an e-commerce service that allows him to sell products on-line and receive payments.

    A situation like this is already becoming common place in Asian countries but already a practice in the Western world wherein business owners subscribe to a pay-per-use or monthly-fee services delivered over the internet that cuts across multiple business functions such as inventory, accounting, warehousing, payroll, marketing, analytics, and data storage, paving the way to a fast-growing ‘as-a-service’ economy.

    The term ‘as-a-service economy’, first used by Phil Fersht, Founder and CEO of HfS, a research firm on global sourcing, refers to the shift to an ecosystem of service buyers and providers and how services are purchased, delivered, and consumed.

    On the supply side, these developments are driven by the emergence of cloud computing services, which allows for a flexible payment method for business owners. The types of cloud computing services - IaaS (Infrastructure-as-a-Service), PaaS (Platform-as-a-Service), and SaaS (Software-as-a-Service). The latter is where much of the as-a-service economy lies because most of the traditional human-run business functions are now moving to cloud services.

    As an example, in the HR function, HR-as-a-service is now emerging with sub-activities like payroll-as-a-service and training-as-a-service. Another example is in productivity functions which are now delivered as a-service such as email, collaboration, and documentations. Other business functions are already in as-a-service models such as in Enterprise Resource Planning, financial planning, marketing research and sales force automation, and Business Intelligence and Analytics.

    The as-a-service economy is a huge one and fast-growing. According to Forrester Research, the cloud services market in 2015 stands at close to $100 billion with more than $90 billion comprising SaaS. In 2020, it’s forecasted to reach $160 billion, with a growth rate of more than 25 percent!

    On the demand side, the needs of customers and buyers such as that of business owners match the benefits that the as-a-service providers supply such as greater flexibility, cost efficiency gains, improved productivity, and time savings.

    Asia Pacific countries are leading the fast adoption of cloud services, this according to the 2016-released Cloud Readiness Index (CRI) by the Asia Cloud Computing Association (ACCA). Hong Kong, Singapore, New Zealand, Australia, and Japan are the top APAC countries leading the index, while Taiwan, Philippines, Indonesia and India are fast rising.

    The As-a-Service economy is indeed facing bright prospects. Organizations need to understand the various services available now, and reap the benefits to create more value to its stake holders.

    See More: Top RegTech Companies in APAC
    tag

    Cloud Computing

    HR

    SaaS

    inventory

    Financial

    Inventory Management

    Enterprise resource Planning

    Weekly Brief

    loading
    Top 10 RegTech Solution Companies - 2021

    Featured Vendors

    JACKSOFT

    Sherry Huang, CEO

    CompliancePlus Consulting

    Josephine Chung, Founder & Director

    ON THE DECK

    RegTech 2021

    Top Vendors

    RegTech 2020

    Top Vendors

    RegTech 2019

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Future-Proofing Data Center Designs with a Dash of Innovation

    Future-Proofing Data Center Designs with a Dash of Innovation

    Kevin Miller, Principal, Digital Management, Aurecon
    How Agile Adapted In A Covid-19 World

    How Agile Adapted In A Covid-19 World

    Beth Schmidt, Director, It Delivery And Agile Operations, Markel
    Agile Mindset in a Nutshell

    Agile Mindset in a Nutshell

    An Interview With Samuel Calan, Head Web Frontend, Raiffeisen Switzerland
    Agile Delivery of Semiconductor Facilities

    Agile Delivery of Semiconductor Facilities

    Manuel Magg, Project Director, Exyte
    For a Smarter City: Trust the Data, Ignore the Hype

    For a Smarter City: Trust the Data, Ignore the Hype

    BRAD DUNKLE, DEPUTY CIO, CITY OF CHARLOTTE
    How to Create and Implement Scalable Digital Solutions for Smart Factory

    How to Create and Implement Scalable Digital Solutions for Smart Factory

    MARKO YLI-PIETILÄ, HEAD OF SMART OPERATIONS, STORA ENSO (HEL: STERV)
    What it Takes to be a 21st Century Public Safety Provider!

    What it Takes to be a 21st Century Public Safety Provider!

    Ned Pettus, Jr., Ph.D. Public Safety Director, The city of Columbus, Ohio
    Introducing Smart City Solutions into Highly Regulated Municipal Environments

    Introducing Smart City Solutions into Highly Regulated Municipal Environments

    Nelson Gonzalez, Assistant It Director/Ciso, City Of Coral Gables
    Loading...

    Copyright © 2022 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe |   About us

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://regtech.apacciooutlook.com/cxoinsights/ascending-asaservice-economy-nwid-2129.html